Notable ETF Movers of the Day 03/19: (XLF) (XME) (GLD) Higher; (FXI) (RTH) Lower

March 19, 2012 11:52 AM EDT Send to a Friend
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Gainers
  • SPDR Select Sector Fund - Financials (NYSE: XLF) up 0.89 percent to $15.86. Banks moving higher on the session after Morgan Stanley raised its outlook on several institutions Monday.

    Citigroup (NYSE: C) is leading the pack, up 3.8 percent for the session, while BofA (NYSE: BAC) moved as much as 1.3 percent to break the $10 level...somewhere it hasn't been since last summer.

  • SPDR S&P Metals & Mining ETF (NYSE: XME) up 2.24 percent to $52.09. The ETF being led by McEwen Mining (NYSE: MUX) Monday, as shares move 5 percent higher following an updated resource and reserve estimate for the San Jose mine. For more from the release, click here.

  • SPDR Gold Trust (NYSE: GLD) up 0.47 percent to $162.06. Gold iis seeing some interest Monday, with April contracts up $9.7 to $1,665.7 per ounce. Investors might be doing some bargain buying following a 3 percent dip last week as the risk trade was back on following the Greek debt deal as well as a slew of positive economic data.
Receders
  • iShares FTSE China 25 Index Fund (NYSE: FXI) down 1.63 percent to $38.13. Shares in China moved lower following February housing numbers. According to China's national statistics bureau, new home prices fell in 27 of 70 tracked cities with six cities remaining unchanged. This is the worst data for new home prices in about a year.

  • Market Vectors Retail ETF (NYSE: RTH) down 0.56 percent to $41.18. Home builders slipping a bit Monday following the NAHB Housing Market Index coming in at 28, versus the 31 expected. Both Lowe's (NYSE: LOW) and Home Depot (NYSE: HD) feeling a pinch on the session, down about 0.7 percent each.



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Citi, Morgan Stanley, Bank of America, Standard & Poor's, Notable ETF Movers, NAHB Housing Market Index

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